Facebook mulls a move to Hudson Yards: reports

Amazon isn’t the only tech company that may be scoping out office space close to Hudson Yards: Crain’s reports that Facebook is mulling a move to the Manhattan megaproject, and has been looking at leasing space within 50 Hudson Yards, the Norman Foster-designed tower rising on 34th Street and 10th Avenue.

Courtesy of Related-Oxford

Facebook currently leases close to 700,000 square feet of space within 770 Broadway, the former Wanamaker Department Store building that’s part of the Noho Historic District. But according to the Crain’s, the company is in talks to lease 1 million square feet or more at 50 Hudson Yards, which is being built from the ground up. This one still has a few more years to go before it’s complete—it’s scheduled to open in 2022.

That skyscraper will stand 58 stories when completed, and is projected to be one of the city’s priciest office towers at a cost of $3.94 billion. And one big tenant has already been announced: BlackRock will occupy 850,000 square feet of the 2.9 million-square-foot tower.

The Facebook rumors are part of a larger trend of massive tech investment in New York City. Google is planning a $1 billion expansion at St. John’s Terminal in the West Village, in addition to the major investment it’s made around its current HQ at 111 Eighth Avenue. And even though Amazon’s plans for a second North American headquarters in Queens fell apart, the company is reportedly eyeing office space in Midtown, in the Manhattan West megaproject—just across the street from Hudson Yards.